Billionaire financier George Soros is warning of an impending financial markets crisis as investors around the world were roiled by turmoil in China trade for the second time this week.
Speaking at an economic forum in Sri Lanka's capital, Colombo, he told an audience that China is struggling to find a new growth model and its currency devaluation is transferring problems to the rest of the world, according to media. He added that a return to rising interest rates was proving difficult for the developing world.

The current environment reminded him of the "crisis we had in 2008," The Sunday Times in Sri Lankareported on Thursday morning. "China has a major adjustment problem," he added, according to Bloomberg. "I would say it amounts to a crisis."

China's CSI 300 tumbled more than 7 percent in early trade Thursday, again triggering the market's circuit breaker. As well as roiling sentiment across Asia, it also battered European risk assets with the German DAX (^GDAXI) down 3.5 percent at 11 a.m. London time.

China, the biggest economic story of the last 30 years, has soured in the eyes of many analysts. A stock market crash that began in the country last summer has thrown the vast difficulties officials are now facing into sharp relief. A raft of data has disappointed in recent months as the country's leaders refocus the economy on consumption from manufacturing.

Analysts also point to concerns over Chinese market regulators, who they believe do not appear to have a good grasp of the market, even with the introduction of the circuit breakers. In an attempt to stabilize markets, China's securities regulator has issued new rules to restrict the number of shares major shareholders in listed companies can sell every three months to 1 percent.

"It should be noted that the current turmoil distinguishes itself from 2008, when reckless lending, willful blindness to a mountain of credit sector risks and feckless and irresponsible regulation and supervision of markets were the causes of the crash, given that central bank policies have been encouraged and been wholly responsible for the current protracted bout of gross capital misallocation," he said in a morning note.

Don't let this tool fool you, this is what he depends on. He makes money destroying economies. Why do you think he wants liberals in office? Why do you think he wants socialists and communist in office? Why do you think he spends millions on them? He wants them in office to create havoc and he invests in the companies that work on the havoc they create. Why do you think he is so heavily invested in the Black Lives Matter movement and global warming, because he goes in and invests in the destruction and cures. He is pure evil and a reason for the problems we are having.

Why do you think he is so heavily invested in the Black Lives Matter movement and global warming, because he goes in and invests in the destruction and cures. He is pure evil and a reason for the problems we are having.

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Which exchanges do you find Black Lives Matter movement and global warming?

And this from the man who engineered the collapse of the Bank of England, and ran off with a billion dollar profit. Now he's trying to engineer the destruction of the United States and the free markets. He's stated outright that he wants to be the world's moral compass for a NWO that will emerge from the wreckage, and will be ruled by all the far left collectivists who have been drooling over the day.

Has the person who posted this ever actually bothered to read George Soros' writings or are you just regurgitating Fox News stuff? Because his theories have nothing to do with Marxism and you sound really really crazy.

"he is pure evil and the reason for all problems" - that is a really scary statement. You spend too much time on the internet developing insane ideas. That is really the root of all modern problems (Muslims, gun nuts, BlackLivesMatter, Tea Party, Occupy Wall Street, etc).

And this from the man who engineered the collapse of the Bank of England, and ran off with a billion dollar profit. Now he's trying to engineer the destruction of the United States and the free markets. He's stated outright that he wants to be the world's moral compass for a NWO that will emerge from the wreckage, and will be ruled by all the far left collectivists who have been drooling over the day.

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I'm not going to argue with you, I feel bad when I read stuff like this. I think the best part of conservative ideas is that your own happiness is self-determined. It's not good for you to sit and think of things like this.

George Soros was a Collaborator during the War. I don't quite understand how this man is any different than the Germans who went on trial after the war, the entire country was held accountable for being accomplices, but many didn't directly participate in the Holocaust. George Soros DIRECTLY participated in the mass murder of his own people through his father and himself being cowards. I'll never understand how he has been allowed to walk this earth freely all these years

Don't let this tool fool you, this is what he depends on. He makes money destroying economies. Why do you think he wants liberals in office? Why do you think he wants socialists and communist in office? Why do you think he spends millions on them? He wants them in office to create havoc and he invests in the companies that work on the havoc they create. Why do you think he is so heavily invested in the Black Lives Matter movement and global warming, because he goes in and invests in the destruction and cures. He is pure evil and a reason for the problems we are having.

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And you think this doesn't occur in the world of republicans dude? It's called the rich getting richer. They don't give a fuck about parties...

Yes, the liberal billionaires, like George Soros and Warren Buffet, suckered investors into the equity markets, with the help of the FED, then have ran away with others money. Now they just wait for their President to cause the next recession, to take more of the the wealth from others. Ask yourselves who benefits the most by a recession followed by steep rise in the markets from artificial stimulus? The people with the most money. The only thing is now when the economy seems to have returned, it is mostly phony cronyism propped up by trillions of dollars from the FED. Sure there are companies out there making a real profit, but many have only been boosted by easy credit and stock buybacks, giving the impression that things are better than they really are. The largest beneficiaries have been the wealthy investors who sucked up the phony profits from others investing in the markets. The losers are the middle class.

amazing the great philanthropists and job creators Koch bros are continuously disparaged by the media for their love of individualism, liberty, & freedom while Soros gets a pass despite his vile criminal sick record and persona because he is a socialist and main bread man for the democrats in this country. America is upside down right now on most fronts, the media a prime contributor.

Has the person who posted this ever actually bothered to read George Soros' writings or are you just regurgitating Fox News stuff? Because his theories have nothing to do with Marxism and you sound really really crazy.

"he is pure evil and the reason for all problems" - that is a really scary statement. You spend too much time on the internet developing insane ideas. That is really the root of all modern problems (Muslims, gun nuts, BlackLivesMatter, Tea Party, Occupy Wall Street, etc).